Product Code: ETC104503 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Indiarock drilling machine market is projected to witness significant growth over the forecast period due to increasing demand from various industrial sectors such as mining, construction and infrastructure. Increasing government investments in infrastructure development projects will further propel the demand for rock drilling machines in India. Additionally, rising adoption of advanced technologies such as rotary blast hole drills and crawler drills are expected to create lucrative opportunities for the manufacturers operating in this market.
The Rock Drilling Machine Market in India is expected to grow at a CAGR of around 6.7% during the forecast period 2025-2031. The growth of the market can be attributed to increasing demand from end user industries such as construction, mining, and defense etc., growing infrastructure activities across the country, and rising government initiatives for development of highways and rail network. Additionally, technological advancements in rock drilling machines like automated functions are also expected to fuel the market growth in India.
High cost associated with rock drilling machines is likely to restrain the market growth over the forecast period. Moreover, volatile raw material prices may affect production costs which can further hamper market growth in future.
Key players operating in IndiaRock Drilling Machine Market include Atlas Copco (India) Ltd., Sandvik Asia Pvt Ltd., Scharpoord BVBA, ACE Manufacturing Systems Limited (India), JCB India Limited , Boart Longyear Group Inc., Fujian Dakeli Co,.Ltd., Shandong Head Co,.Ltd.; Wuxi Geotec Geological Equipment Co,.LTD; HUSQVARNA AB; and Furukawa Electric Company among others